Volkswagen Group VWAGY-owned Porsche saw a sharp rise in North America sales last year despite ongoing global supply headwinds and as customers lapped up the premium electric Taycan, Electrek reported.
What Happened: Porsche Cars North America sold 70,025 vehicles last year, a jump of 22.2% over 2020.
The sales jump was also 14% higher than 2019 — the year immediately preceding the pandemic.
Sales for the electric Taycan lineup more than doubled in 2021.
Porsche sold a total of 9,419 Taycans last year, a jump of 113% over 2020 when it sold 4,414 units.
The Taycan was also Porsche’s fourth best-selling car last year behind 911 and 718.
The Taycan comes in three options; Sedan, Sports Turismo and Cross Turismo.
The sedan version goes on sale at $82,700 and is also the most affordable in the lineup. The Sports Tursimo and the Cross Turismo are priced at $133,300 and $93,700, respectively.
See Also: Porsche CEO: Electric Vehicles Will Make Up Most Of Company's Sales By 2030
Why It Matters: Porsche’s electric Taycan competes with Tesla Inc’s TSLA Model S. The automaker known for iconic brands such as the 911 launched the Taycan in 2019 with a sedan variant and added the other two variants later.
Porsche aims to switch 80% of its lineup to electric vehicles by 2030.
Over the last year, automakers like Audi, Jaguar and Porsche have added new models in their electric vehicle segments.
Price Action: VWAGY shares closed 0.7% lower at $31 a share on Wednesday.
Photo: Courtesy of Porsche
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.